In the first outcome of the U.S. Department of Justice’s Civil Rights Fraud Initiative, IMB has agreed to about $17 million to settle charges related to the company’s diversity, equity, and inclusion (DEI) practices. “Racial discrimination is illegal, and government …
The Lawyers for Civil Justice and the U.S. Chamber of Commerce Institute for Legal Reform are seeking a federal rule to require the disclosure of third-party litigation funding. Currently, the matter is handled in federal courts with mixed results. According …
Insurance industry trade associations are applauding a decision to change the homeowners insurance required by Fannie Mae and Freddie Mac, which the trades said will lower costs for homeowners and buyers. The Federal Housing Finance Agency this week announced the …
McGill and Partners and American International Group said they collaborating to perhaps disrupt the subscription market—using agentic artificial intelligence to deploy capital to clients. AIG said the digital-first platform of the London-based independent broker allowed the insurer to conduct a …
The U.S. Environmental Protection Agency on Monday proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. The move would end a nearly four decade …
A federal judge in California has tossed out a lawsuit accusing Twitter Inc of discriminating against workers with disabilities by requiring employees to report to the office and put in long hours working at high intensity. U.S. District Judge Haywood …
The media entrepreneur Byron Allen has filed a second lawsuit against McDonald’s Corp over the fast-food chain’s alleged refusal to advertise with Black-owned media. In a complaint filed last week in Los Angeles, Allen’s Entertainment Studios Networks Inc and Weather …
The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for fixes at Silicon Valley Bank before the U.S. lender’s collapse, and promised tougher supervision and stricter rules for banks. In …
A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said. The …
US regulators were rushing to resolve the First Republic Bank crisis Sunday after a midday deadline passed for submitting final bids to take over the struggling lender. The Federal Deposit Insurance Corp. had asked banks including JPMorgan Chase & Co., …